Closing Day: Your Final Step in the Selling Process
Congratulations on reaching Closing Day! This is the final step in your journey to sell your property, but before you celebrate, there are a few final tasks to complete. Here’s what you need to do to ensure a smooth and successful closing:
Final Walk-Through Inspection
The final walk-through inspection is typically scheduled the day before or the day of the closing. This inspection is more of a formality than anything else. The buyer will visit the property to verify that:
- Everything is in working order.
- The property is in the same condition as when they last viewed it.
- No personal items are left behind.
If there are any issues during this walk-through, they must be addressed before the closing can proceed.
Cancel Home Services and Utilities
Once you’ve reached the closing stage, it’s time to cancel your home services and utilities. We will provide you with a comprehensive list of useful numbers and contacts to terminate services such as:
- Electricity
- Gas
- Water
- Internet/Cable
- Trash Collection
Make sure to take care of these cancellations after the closing date to avoid being charged for services you no longer use.
Be Prepared for the Unexpected
Even though you’re nearing the finish line, sometimes unforeseen issues can arise. Whether it’s a sudden breakdown of something at the property or delays in the buyer’s loan approval, we are here to help. Closing issues can sometimes feel stressful, but we’ve handled countless situations just like this before and will work swiftly to resolve any problems that come up.
The Closing Process
On Closing Day, a closing agent will provide all parties involved with a settlement statement. This document outlines the financial transactions that have occurred during the sale of the property. After reviewing the statement:
- The buyer will sign it first.
- As the seller, you will sign it next, certifying its accuracy.
- The closing agent will also sign the statement to finalize everything.
If you cannot attend the scheduled closing, we can make arrangements for alternative options depending on the circumstances and proper notice.
Receiving Your Proceeds
Once the settlement statement is signed, you’ll receive your proceeds from the sale. You can choose to have the funds:
- Wire-transferred electronically to your bank account, or
- Issued as a check at the closing table.
Handing Over the Keys and Property Information
As part of the closing process, you will hand over all the necessary documents, property keys, and any other important information to the buyer. Make sure everything is ready for the new owners, so they can immediately take possession of the property.
Final Thoughts on Closing Day
Though the sale is nearly complete, staying organized and prepared for each step is crucial. Whether it’s completing the final walk-through, coordinating the transfer of funds, or addressing any last-minute issues, we are committed to ensuring that your closing goes smoothly.
By choosing us as your Woodinville real estate agent, you’re backed by professionals who will guide you through the final stages of the sale with confidence. We’ve seen it all and are ready to help you get to the finish line without any stress.